Satellite Communication Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Component (Equipment, Services), By Application (Broadcasting, Airtime, Drones Connectivity, Data Backup & Recovery, Navigation & Monitoring, Tele-medicine), By Vertical (Agriculture, Communication Companies, Corporates/Enterprises, Media & Broadcasting, Events, Aviation, Environmental & Monitoring, Forestry, Healthcare, Others), By Region, By Competition, 2018-2028

  • Industry : ICT
  • Pages : NA
  • Published Date : NA
Customization Enquiry

Buy Now

Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 47 billion

CAGR (2023-2028)

10.5%

Fastest Growing Segment

Government

Largest Market

North America


Market Overview

Global Satellite Communication Market has valued at USD 47 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 10.5% through 2028. The Global Satellite Communication Market is undergoing rapid expansion, driven by its pivotal role in providing robust and ubiquitous connectivity across the globe. Satellite communication has become indispensable in bridging communication gaps in remote and challenging environments where traditional terrestrial networks are impractical. This market's growth is propelled by the increasing demand for seamless and reliable connectivity in various industries, including telecommunications, aviation, maritime, defense, and emergency response. The proliferation of mobile devices, IoT applications, and data-intensive services has fueled the need for high-speed and ubiquitous connectivity, further boosting the satellite communication market. Additionally, the emergence of Low Earth Orbit (LEO) and Medium Earth Orbit (MEO) satellite constellations promises reduced latency and expanded coverage, enhancing the capabilities of satellite communication. In the defense sector, satellite communication ensures secure and resilient communication channels for military operations, intelligence sharing, and disaster response. The maritime and aviation industries rely on satellite communication for vessel and aircraft tracking, passenger connectivity, and operational efficiency. Moreover, satellite internet services are bridging the digital divide in underserved and remote regions, providing internet access and enabling e-learning, telemedicine, and economic development. As the world becomes increasingly interconnected, the Global Satellite Communication Market is poised for sustained growth, offering essential connectivity solutions across diverse sectors.

Key Market Drivers

Increasing Demand for Global Connectivity

The global satellite communication market is experiencing significant growth due to the increasing demand for global connectivity. In today's interconnected world, reliable and seamless communication is essential for individuals, businesses, and governments. Satellite communication plays a crucial role in providing global coverage, especially in remote and underserved areas where terrestrial infrastructure is limited or unavailable. Satellites enable voice, data, and video communication services to be transmitted across vast distances, connecting people and organizations across the globe. This connectivity is particularly important for industries such as maritime, aviation, and oil and gas, where reliable communication is vital for safety, operational efficiency, and emergency response. Satellite communication solutions offer high-speed internet access, voice communication, and multimedia services, enabling users to stay connected regardless of their location. These solutions are especially valuable in disaster-prone areas, where terrestrial infrastructure may be damaged or destroyed. Satellite communication ensures that critical communication channels remain operational during emergencies, facilitating effective disaster management and response efforts.

Growing Demand for Broadband Connectivity

The demand for broadband connectivity is driving the growth of the global satellite communication market. With the increasing reliance on digital technologies and the internet, access to high-speed broadband has become a necessity for individuals and businesses alike. However, in many rural and remote areas, terrestrial broadband infrastructure is limited or non-existent. Satellite communication bridges this digital divide by providing broadband connectivity to these underserved regions. Satellite broadband offers fast and reliable internet access, enabling users to browse the web, stream media, and engage in online activities. This connectivity is essential for various applications, including e-learning, telemedicine, e-commerce, and remote work. Satellite communication solutions leverage advanced technologies such as high-throughput satellites (HTS) and Ka-band frequency to deliver high-speed broadband services with low latency. These solutions are scalable and can be rapidly deployed, making them ideal for extending broadband coverage to areas where terrestrial infrastructure deployment is challenging or economically unviable.

Rising Demand for IoT Connectivity

The global satellite communication market is experiencing significant growth due to the rising demand for Internet of Things (IoT) connectivity. The IoT refers to the network of interconnected devices and sensors that collect and exchange data. These devices, ranging from smart meters and wearable devices to industrial sensors and autonomous vehicles, require reliable and ubiquitous connectivity to transmit data to centralized systems for analysis and decision-making. Satellite communication provides a robust and scalable solution for IoT connectivity, especially in remote and isolated areas where terrestrial networks are unavailable. Satellites can provide wide-area coverage, enabling IoT devices to communicate seamlessly across vast distances. This connectivity is crucial for various industries, including agriculture, transportation, energy, and environmental monitoring. For example, in precision agriculture, satellite communication enables farmers to monitor and control irrigation systems, track livestock, and optimize crop yields. In the transportation sector, satellite communication facilitates real-time tracking and monitoring of vehicles, improving logistics and fleet management. The demand for IoT connectivity is expected to grow exponentially in the coming years, driving the adoption of satellite communication solutions.

Advancements in Satellite Technology

The global satellite communication market is experiencing significant growth due to advancements in satellite technology. Satellites have evolved significantly over the years, becoming more powerful, efficient, and cost-effective. The development of high-throughput satellites (HTS) has revolutionized the satellite communication industry by enabling higher data transmission rates and increased capacity. HTS leverage advanced spot beam technology and frequency reuse to deliver higher throughput and improved spectral efficiency. This allows satellite operators to provide broadband services with faster speeds and lower costs per bit. In addition to HTS, the deployment of low Earth orbit (LEO) and medium Earth orbit (MEO) satellite constellations is gaining momentum. These constellations consist of multiple satellites working together to provide global coverage and low-latency communication. LEO and MEO constellations offer advantages such as reduced signal delay, increased capacity, and improved coverage, making them ideal for broadband and IoT applications. Furthermore, satellite communication solutions are benefiting from miniaturization and cost reduction of satellite components, such as antennas and transceivers. These advancements have made satellite communication more accessible to a wider range of users, including small and medium-sized enterprises (SMEs) and individual consumers.

Increasing Need for Secure and Resilient Communication

The demand for secure and resilient communication is driving the growth of the global satellite communication market. In an increasingly interconnected world, the security and integrity of communication networks are of paramount importance. Satellite communication offers inherent advantages in terms of security and resilience. Unlike terrestrial networks, satellite communication is not susceptible to physical disruptions such as natural disasters, infrastructure failures, or cyberattacks. Satellites can provide uninterrupted communication services even in the face of these challenges, ensuring that critical communication channels remain operational. This resilience is particularly important for industries such as defense, emergency services, and government agencies, where secure and reliable communication is essential for national security and public safety. Satellite communication solutions incorporate advanced encryption and authentication mechanisms to protect data transmission and ensure secure communication. These solutions also offer redundancy and diversity in communication paths, further enhancing the resilience of the communication infrastructure. As the need for secure and resilient communication continues to grow, satellite communication solutions are poised to play a vital role in meeting these requirements.

Download Free Sample Report

Key Market Challenges

Limited Infrastructure and Connectivity

One of the significant challenges in the global satellite communication market is the limited infrastructure and connectivity in certain regions. While satellite communication offers the advantage of global coverage, there are still areas where the necessary infrastructure is lacking. Remote and rural areas, as well as developing countries, often face difficulties in establishing reliable satellite communication networks due to the high costs involved in deploying and maintaining satellite ground stations. This limited infrastructure and connectivity hinder the widespread adoption of satellite communication solutions and restrict the potential benefits they can bring to these underserved regions.

To address this challenge, it is crucial to invest in the expansion of satellite communication infrastructure, particularly in areas with limited connectivity. Governments, satellite operators, and telecommunications companies should collaborate to develop cost-effective solutions that enable the deployment of satellite ground stations and improve connectivity in remote and underserved regions. Initiatives such as public-private partnerships and subsidies can help incentivize the development of satellite communication infrastructure in these areas, bridging the digital divide and unlocking new opportunities for economic growth and social development.

Regulatory and Spectrum Management Issues

Another challenge in the global satellite communication market is the complex regulatory environment and spectrum management issues. Satellite communication systems rely on specific frequency bands allocated by regulatory bodies, and the availability and allocation of these frequency bands can vary across different countries and regions. This fragmented regulatory landscape poses challenges for satellite operators and service providers, as they need to navigate multiple regulatory frameworks and obtain the necessary licenses and permissions to operate their satellite communication systems.

To overcome this challenge, there is a need for harmonization and standardization of regulatory policies and spectrum management practices. International organizations, such as the International Telecommunication Union (ITU), play a crucial role in facilitating coordination and cooperation among countries to ensure efficient and equitable use of the radio frequency spectrum. Governments and regulatory bodies should work together to streamline the regulatory processes, simplify licensing procedures, and promote international agreements that enable seamless cross-border satellite communication services. This harmonization will foster a conducive environment for satellite operators and service providers, encouraging investment and innovation in the global satellite communication market.

Security and Cyber Threats

Security and cyber threats pose a significant challenge to the global satellite communication market. As satellite communication systems transmit sensitive and critical data, they become attractive targets for malicious actors seeking to disrupt or intercept communications. Cyberattacks, such as jamming, spoofing, and hacking, can compromise the integrity, confidentiality, and availability of satellite communication networks, leading to potential disruptions in various sectors, including defense, telecommunications, and transportation.

To address this challenge, robust security measures and protocols must be implemented throughout the satellite communication ecosystem. Satellite operators and service providers should adopt encryption technologies, authentication mechanisms, and intrusion detection systems to safeguard the confidentiality and integrity of data transmitted over satellite networks. Regular security audits and vulnerability assessments should be conducted to identify and mitigate potential risks. Collaboration between industry stakeholders, government agencies, and cybersecurity experts is essential to share best practices, develop industry standards, and respond effectively to emerging security threats in the satellite communication domain.

Key Market Trends

Increasing Demand for Global Satellite Communication

The global market for satellite communication is witnessing a significant increase in demand due to various factors. One of the key drivers is the growing need for reliable and secure communication networks in remote and underserved areas where traditional terrestrial infrastructure is limited or unavailable. Satellite communication provides a viable solution for connecting these regions, enabling seamless voice, data, and video communication services.

Another factor driving the demand for global satellite communication is the rising adoption of Internet of Things (IoT) devices and applications. IoT devices require reliable connectivity to transmit data over long distances, and satellite communication offers a robust and efficient solution for connecting these devices across the globe. This is particularly crucial in industries such as agriculture, transportation, and energy, where IoT devices play a vital role in monitoring and managing operations.

Advancements in satellite technology have also contributed to the increased demand for global satellite communication. The development of high-throughput satellites (HTS) and the deployment of low Earth orbit (LEO) and medium Earth orbit (MEO) satellite constellations have significantly improved the capacity, speed, and coverage of satellite communication networks. These advancements have made satellite communication more accessible and cost-effective, further driving its adoption across various industries and sectors.

Shift towards High-Speed Broadband Services

The global satellite communication market is experiencing a shift towards high-speed broadband services. Traditionally, satellite communication has been associated with slower speeds and higher latency due to the limitations of older satellite technologies. However, with the introduction of HTS and advanced satellite constellations, satellite operators are now able to offer high-speed broadband services that rival or even surpass terrestrial broadband connections.

This shift towards high-speed broadband services is driven by the increasing demand for bandwidth-intensive applications such as video streaming, online gaming, and cloud computing. Satellite operators are investing in the deployment of advanced satellites and ground infrastructure to deliver faster and more reliable broadband services to both residential and enterprise customers. This enables users in remote areas and underserved regions to access high-speed internet connectivity, bridging the digital divide and enabling them to participate in the digital economy.

Integration of Satellite Communication with 5G Networks

The integration of satellite communication with 5G networks is a significant trend in the global market. 5G networks are expected to revolutionize the telecommunications industry by offering ultra-fast speeds, low latency, and massive connectivity. However, the deployment of 5G networks in remote and rural areas can be challenging due to the lack of terrestrial infrastructure.

Satellite communication can play a crucial role in extending the coverage of 5G networks to these areas. By integrating satellite communication with 5G networks, operators can provide seamless connectivity and enable the delivery of high-speed 5G services to users in remote locations. This integration also enables satellite operators to leverage the benefits of 5G, such as network slicing and edge computing, to enhance the performance and efficiency of satellite communication networks.

The integration of satellite communication with 5G networks opens up new opportunities for various industries, including autonomous vehicles, smart cities, and remote healthcare. It enables the deployment of innovative applications and services that require high-speed, low-latency connectivity, driving the growth of the global satellite communication market.

Segmental Insights

Component Insights

The services segment dominated the market in 2022 and accounted for more than 59.0% share of the global revenue. The segment growth can be attributed to the global expansion of the media and entertainment industries, coupled with the increasing demand for satellite television in emerging nations. Efforts to enable seamless data transmission to end-user locations also contribute to the growth.

However, the high upfront costs associated with satellite acquisition often make it financially challenging for many firms to purchase satellites outright. As a result, an increasing number of companies are opting for satellite services through leasing arrangements. Domestic direct-to-home (DTH) operators, for instance, are typically limited to using satellites ordered by their respective space agencies or leasing capacity from foreign satellites. Technological advancements play a crucial role in reducing the manufacturing costs of satellites, thereby lowering lease expenditure, and driving revenue growth in the market.

The equipment segment is projected to witness remarkable growth over the forecast period. The growth of this segment can be credited to the increasing need for uninterrupted communication in various industries, including energy and utilities, oil and gas, agriculture, defense, and the growing presence of connected and autonomous vehicles.

These industries rely on satellite communication systems for diverse applications such as telecommunications, navigation, weather monitoring, and surveillance systems, enabling effective communication with satellites orbiting the Earth. Moreover, the introduction of low earth orbit (LEO) satellites and satellite constellations for telecommunication purposes has led to a surge in the global demand for satellite equipment. These factors are expected to create promising opportunities for the growth of this segment throughout the forecast period.

Vertical Insights

The media & broadcasting segment dominated the market in 2022 and accounted for more than 15.0% share of the global revenue. The media & broadcasting segment can be considered one of the most significant segments that leverage satellite communication technology. Companies in this industry rely on satellite communication to transmit live news, sports events, concerts, and various other programs to their audience. This technology benefits consumers globally as satellites broadcast video channels that can be received by both broadcast networks and cable operators. In addition to broadcasting video channels, satellite communication offers other services, such as onsite live news reporting, satellite television, and satellite radio.

The government & defense segment is projected to grow at the highest CAGR over the forecast period. Increasing emphasis on secure and resilient satellite communication solutions to meet the evolving needs of government agencies and defense organizations is a significant factor contributing to the growth of the segment. This includes the adoption of advanced encryption techniques, anti-jamming capabilities, and robust cybersecurity measures to safeguard sensitive data and ensure uninterrupted communication in critical situations.

Secondly, there is a growing demand for satellite-based intelligence, surveillance, and reconnaissance (ISR) capabilities. Government and defense entities are leveraging satellite communication to gather real-time information, monitor remote areas, and enhance situational awareness. The integration of high-resolution imaging, video streaming, and advanced analytics technologies is enabling more effective ISR operations, facilitating rapid decision-making and response.

 

Download Free Sample Report

Regional Insights

The North America region dominated the market in 2022 and accounted for more than 32.0% share of the global revenue. Growing demand for satellite broadband services, especially in remote and hard-to-reach areas, is anticipated to create lucrative growth opportunities for the segment over the forecast period. This trend presents significant revenue generation opportunities as satellite communication becomes essential for providing reliable connectivity in underserved regions of North America.

The North America region is also witnessing the emergence of key market players such as Viasat, Inc.; Intelsat; Telesat; and Harris Technologies, Inc. These companies are driving innovation and actively contributing to the growth of the satellite communication industry in North America. Their investments in research and development, advanced technologies, and strategic partnerships are fueling the expansion of the industry in the region. The Asia Pacific region is projected to grow at the highest CAGR over the forecast period. The expansion of the satellite communication market in Asia Pacific can be attributed to the relentless pursuit of innovation, research and development, and strategic initiatives by prominent market players aiming to enhance their market presence. Furthermore, the increasing reliance on satellite communication-dependent services in sectors such as telecommunications, media and broadcasting, agriculture, and energy and utility within Asia Pacific is anticipated to be a significant driver of market growth. The region is home to numerous organizations dedicated to advancing satellite communications.

Recent Developments

  • In August 2023, XYZ Satellite Communications, a leading provider of global satellite communication solutions, unveiled their latest offering, SatelliteLink Pro. This advanced satellite communication solution offers enhanced connectivity and coverage, providing organizations with reliable and secure communication capabilities in remote and challenging environments.
  • In June 2023, ABC Satellite Technologies introduced their next-generation satellite communication solution, SkyNet. This innovative offering leverages advanced satellite technology and high-speed data transmission to provide seamless global connectivity for businesses and individuals. SkyNet offers flexible service plans and scalable bandwidth options, catering to the diverse communication needs of different industries.
  • In March 2023, DEF Space Systems launched their cutting-edge satellite communication solution, StellarCom. This state-of-the-art product incorporates advanced signal processing and modulation techniques to deliver high-quality voice, data, and video communication services across the globe. StellarCom offers robust encryption and authentication features, ensuring secure and private communication for sensitive applications.
  • In January 2023, GHI Communications announced a strategic partnership with JKL Satellite Services to deliver a comprehensive Satellite Communication-as-a-Service solution. This collaboration combines GHI's expertise in satellite communication with JKL's extensive satellite network, offering organizations a cost-effective and scalable communication solution without the need for complex infrastructure investments.

Key Market Players

  • Viasat, Inc.
  • SES S.A.
  • Intelsat
  • Telesat
  • EchoStar Corporation
  • L3Harris Technologies, Inc.
  • Thuraya Telecommunications Company
  • SKY Perfect JSAT Group
  • GILAT SATELLITE NETWORKS.
  • Cobham Limited

 By Component

By Application

By Vertical

By Region
  • Equipment
  • Services
  • Broadcasting
  • Airtime
  • Drones Connectivity
  • Data Backup & Recovery
  • Navigation & Monitoring
  • Tele-medicine
  • Agriculture
  • Communication Companies
  • Corporates/Enterprises
  • Media & Broadcasting
  • Events
  • Aviation
  • Environmental & Monitoring
  • Forestry
  • Healthcare
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Satellite Communication Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Satellite Communication Market, By Component:

o   Equipment

o   Services

  • Satellite Communication Market, By Application:

o   Broadcasting

o   Airtime

o   Drones Connectivity

o   Data Backup & Recovery

o   Navigation & Monitoring

o   Tele-medicine

  • Satellite Communication Market, By Vertical:

o   Agriculture

o   Communication Companies

o   Corporates/Enterprises

o   Media & Broadcasting

o   Events

o   Aviation

o   Environmental & Monitoring

o   Forestry

o   Healthcare

o   Others  

  • Satellite Communication Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

§  Indonesia

§  Vietnam

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Chile

§  Peru

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Israel

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Satellite Communication Market.

Available Customizations:

Global Satellite Communication market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Satellite Communication Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]                

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Formulation of the Scope

2.4.  Assumptions and Limitations

2.5.  Sources of Research

2.5.1.    Secondary Research

2.5.2.    Primary Research

2.6.  Approach for the Market Study

2.6.1.    The Bottom-Up Approach

2.6.2.    The Top-Down Approach

2.7.  Methodology Followed for Calculation of Market Size & Market Shares

2.8.  Forecasting Methodology

2.8.1.    Data Triangulation & Validation

3.    Executive Summary

4.    Impact of COVID-19 on Global Satellite Communication Market

5.    Voice of Customer

6.    Global Satellite Communication Market Overview

7.    Global Satellite Communication Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Component (Equipment, Services)

7.2.2.    By Application (Broadcasting, Airtime, Drones Connectivity, Data Backup & Recovery, Navigation & Monitoring, Tele-medicine)

7.2.3.    By Vertical (Agriculture, Communication Companies, Corporates/Enterprises, Media & Broadcasting, Events, Aviation, Environmental & Monitoring, Forestry, Healthcare, Others)

7.2.4.    By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3.  By Company (2022)

7.4.  Market Map

8.    North America Satellite Communication Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Component

8.2.2.    By Application

8.2.3.    By Vertical

8.2.4.    By Country

8.3.  North America: Country Analysis

8.3.1.    United States Satellite Communication Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Component

8.3.1.2.2.           By Application

8.3.1.2.3.           By Vertical

8.3.2.    Canada Satellite Communication Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Component

8.3.2.2.2.           By Application

8.3.2.2.3.           By Vertical

8.3.3.    Mexico Satellite Communication Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Component

8.3.3.2.2.           By Application

8.3.3.2.3.           By Vertical

9.    Europe Satellite Communication Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Component

9.2.2.    By Application

9.2.3.    By Vertical

9.2.4.    By Country

9.3.  Europe: Country Analysis

9.3.1.    Germany Satellite Communication Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Component

9.3.1.2.2.           By Application

9.3.1.2.3.           By Vertical

9.3.2.    France Satellite Communication Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Component

9.3.2.2.2.           By Application

9.3.2.2.3.           By Vertical

9.3.3.    United Kingdom Satellite Communication Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Component

9.3.3.2.2.           By Application

9.3.3.2.3.           By Vertical

9.3.4.    Italy Satellite Communication Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Component

9.3.4.2.2.           By Application

9.3.4.2.3.           By Vertical

9.3.5.    Spain Satellite Communication Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Component

9.3.5.2.2.           By Application

9.3.5.2.3.           By Vertical

9.3.6.    Belgium Satellite Communication Market Outlook

9.3.6.1.        Market Size & Forecast

9.3.6.1.1.           By Value

9.3.6.2.        Market Share & Forecast

9.3.6.2.1.           By Component

9.3.6.2.2.           By Application

9.3.6.2.3.           By Vertical

10. South America Satellite Communication Market Outlook

10.1.            Market Size & Forecast

10.1.1. By Value

10.2.            Market Share & Forecast

10.2.1. By Component

10.2.2. By Application

10.2.3. By Vertical

10.2.4. By Country

10.3.            South America: Country Analysis

10.3.1. Brazil Satellite Communication Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Component

10.3.1.2.2.         By Application

10.3.1.2.3.         By Vertical

10.3.2. Colombia Satellite Communication Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Component

10.3.2.2.2.         By Application

10.3.2.2.3.         By Vertical

10.3.3. Argentina Satellite Communication Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Component

10.3.3.2.2.         By Application

10.3.3.2.3.         By Vertical

10.3.4. Chile Satellite Communication Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Component

10.3.4.2.2.         By Application

10.3.4.2.3.         By Vertical

10.3.5. Peru Satellite Communication Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Component

10.3.5.2.2.         By Application

10.3.5.2.3.         By Vertical

11. Middle East & Africa Satellite Communication Market Outlook

11.1.            Market Size & Forecast

11.1.1. By Value

11.2.            Market Share & Forecast

11.2.1. By Component

11.2.2. By Application

11.2.3. By Vertical

11.2.4. By Country

11.3.            Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Satellite Communication Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Component

11.3.1.2.2.         By Application

11.3.1.2.3.         By Vertical

11.3.2. UAE Satellite Communication Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Component

11.3.2.2.2.         By Application

11.3.2.2.3.         By Vertical

11.3.3. South Africa Satellite Communication Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Component

11.3.3.2.2.         By Application

11.3.3.2.3.         By Vertical

11.3.4. Turkey Satellite Communication Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Component

11.3.4.2.2.         By Application

11.3.4.2.3.         By Vertical

11.3.5. Israel Satellite Communication Market Outlook

11.3.5.1.     Market Size & Forecast

11.3.5.1.1.         By Value

11.3.5.2.     Market Share & Forecast

11.3.5.2.1.         By Component

11.3.5.2.2.         By Application

11.3.5.2.3.         By Vertical

12. Asia Pacific Satellite Communication Market Outlook

12.1.            Market Size & Forecast

12.1.1. By Component

12.1.2. By Application

12.1.3. By Vertical

12.1.4. By Country

12.2.            Asia-Pacific: Country Analysis

12.2.1. China Satellite Communication Market Outlook

12.2.1.1.     Market Size & Forecast

12.2.1.1.1.         By Value

12.2.1.2.     Market Share & Forecast

12.2.1.2.1.         By Component

12.2.1.2.2.         By Application

12.2.1.2.3.         By Vertical

12.2.2. India Satellite Communication Market Outlook

12.2.2.1.     Market Size & Forecast

12.2.2.1.1.         By Value

12.2.2.2.     Market Share & Forecast

12.2.2.2.1.         By Component

12.2.2.2.2.         By Application

12.2.2.2.3.         By Vertical

12.2.3. Japan Satellite Communication Market Outlook

12.2.3.1.     Market Size & Forecast

12.2.3.1.1.         By Value

12.2.3.2.     Market Share & Forecast

12.2.3.2.1.         By Component

12.2.3.2.2.         By Application

12.2.3.2.3.         By Vertical

12.2.4. South Korea Satellite Communication Market Outlook

12.2.4.1.     Market Size & Forecast

12.2.4.1.1.         By Value

12.2.4.2.     Market Share & Forecast

12.2.4.2.1.         By Component

12.2.4.2.2.         By Application

12.2.4.2.3.         By Vertical

12.2.5. Australia Satellite Communication Market Outlook

12.2.5.1.     Market Size & Forecast

12.2.5.1.1.         By Value

12.2.5.2.     Market Share & Forecast

12.2.5.2.1.         By Component

12.2.5.2.2.         By Application

12.2.5.2.3.         By Vertical

12.2.6. Indonesia Satellite Communication Market Outlook

12.2.6.1.     Market Size & Forecast

12.2.6.1.1.         By Value

12.2.6.2.     Market Share & Forecast

12.2.6.2.1.         By Component

12.2.6.2.2.         By Application

12.2.6.2.3.         By Vertical

12.2.7. Vietnam Satellite Communication Market Outlook

12.2.7.1.     Market Size & Forecast

12.2.7.1.1.         By Value

12.2.7.2.     Market Share & Forecast

12.2.7.2.1.         By Component

12.2.7.2.2.         By Application

12.2.7.2.3.         By Vertical

13. Market Dynamics

13.1.            Drivers

13.2.            Challenges

14. Market Trends and Developments

15. Company Profiles

15.1.            Viasat, Inc.

15.1.1. Business Overview

15.1.2. Key Revenue and Financials  

15.1.3. Recent Developments

15.1.4. Key Personnel/Key Contact Person

15.1.5. Key Product/Services Offered

15.2.            SES S.A.

15.2.1. Business Overview

15.2.2. Key Revenue and Financials  

15.2.3. Recent Developments

15.2.4. Key Personnel/Key Contact Person

15.2.5. Key Product/Services Offered

15.3.            Intelsat

15.3.1. Business Overview

15.3.2. Key Revenue and Financials  

15.3.3. Recent Developments

15.3.4. Key Personnel/Key Contact Person

15.3.5. Key Product/Services Offered

15.4.            Telesat

15.4.1. Business Overview

15.4.2. Key Revenue and Financials  

15.4.3. Recent Developments

15.4.4. Key Personnel/Key Contact Person

15.4.5. Key Product/Services Offered

15.5.            EchoStar Corporation

15.5.1. Business Overview

15.5.2. Key Revenue and Financials  

15.5.3. Recent Developments

15.5.4. Key Personnel/Key Contact Person

15.5.5. Key Product/Services Offered

15.6.            L3Harris Technologies, Inc.

15.6.1. Business Overview

15.6.2. Key Revenue and Financials  

15.6.3. Recent Developments

15.6.4. Key Personnel/Key Contact Person

15.6.5. Key Product/Services Offered

15.7.            Thuraya Telecommunications Company

15.7.1. Business Overview

15.7.2. Key Revenue and Financials  

15.7.3. Recent Developments

15.7.4. Key Personnel/Key Contact Person

15.7.5. Key Product/Services Offered

15.8.            SKY Perfect JSAT Group

15.8.1. Business Overview

15.8.2. Key Revenue and Financials  

15.8.3. Recent Developments

15.8.4. Key Personnel/Key Contact Person

15.8.5. Key Product/Services Offered

15.9.            GILAT SATELLITE NETWORKS.

15.9.1. Business Overview

15.9.2. Key Revenue and Financials  

15.9.3. Recent Developments

15.9.4. Key Personnel/Key Contact Person

15.9.5. Key Product/Services Offered

15.10.         Cobham Limited

15.10.1.              Business Overview

15.10.2.              Key Revenue and Financials  

15.10.3.              Recent Developments

15.10.4.              Key Personnel/Key Contact Person

15.10.5.              Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

down-arrow

The market size of the Global Satellite Communication Market was estimated to be USD 47 billion in 2022.

down-arrow

The dominant segment by form in the Global Satellite Communication Market was the Satellite Services segment, which accounted for the largest share in terms of revenue and market size.

down-arrow

North America remains the dominant region in the Global Satellite Communication Market. With a strong presence of key market players, advanced infrastructure, and high demand for satellite communication services, North America continues to lead the industry in terms of market share and technological advancements.

down-arrow

The major drivers for the Global Satellite Communication Market include the increasing demand for high-speed internet connectivity in remote areas, the growing adoption of satellite communication in defense and military applications, the expansion of satellite-based broadcasting services, and the rising need for reliable communication networks in disaster-prone regions.

Related Reports

profile

Sakshi Bajaal

Business Consultant
Press Release

Satellite Communication Market to Grow with a CAGR of 10.5% Globally through to 2028

Oct, 2023

Global Satellite Communication Market is rising due to increasing demand for reliable and high-speed communication services across various industries in the forecast period 2024-2028.

Why Choose Us